Why market-timers are concerned about the Dow Transports and the Dow Industrials

The pan-European Stoxx 600 index was down 0.2% at the start of the session, with most sectors and major bourses trading in negative territory. Financial services made the biggest losses, down 1.3%, followed by autos, which dropped 0.9%. Health care modestly bucked the trend with a 0.1% uptick. Traders at JPMorgan expect the market to remain in a tight trading range as lawmakers try to reach a deal on the U.S. debt ceiling. April housing starts came in line with expectations, at 1.4 million. That’s in line with the 1.4 million expected by analysts polled by Dow Jones.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Target traded more than 2% lower in the premarket after the retailer reported total revenue of $25.32 billion for the first quarter, which represented year-over-year growth of just 1%. To be sure, that revenue figure, along with the company’s earnings per share, exceeded analyst expectations.

A look under the hood in stocks continues to build on the bear case, according to Wolfe Research. To see more companies moving in the premarket, read the full story here. The Dow Jones Industrial Average traded 138 points higher, or 0.4%.The S&P 500 gained 0.5%, and the Nasdaq Composite advanced 0.4%. Beyond the Ohio factory expansion and separate site in Alabama, a new facility in India is expected to be completed in the second half of this year and represents the immediate growth catalyst.

Stock Money Flow

As it relates to valuation, the metric we’re focusing on is FSLR’s 1-year forward P/E currently at 17x, based on the consensus EPS estimate of $13.39 for 2024. Even with the current earnings multiple for 2023 at 31x appearing relatively pricey, we see more value looking ahead where that production capacity ramps up driving scale benefits and margins higher. The biggest implication here is that solar projects can claim the domestic content credit bonus even if the modules assembled in the U.S. are made with Chinese materials. First Solar, Inc. is a solar technology company, which engages in the provision of solar modules.

Get this delivered to your inbox, and more info about our products and services. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. The headline numbers for First Solar (FSLR) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street esti…

According to 24 analysts, the average rating for FSLR stock is “Buy.” The 12-month stock price forecast is $194.49, which is a decrease of -8.60% from the latest price. Text size

First Solar’s CEO said the acquisition signals an investment in “the future of solar energy.” Gerard Julien/AFP/Getty Images

First Solar stock gaine… Investing.com — Stocks were headed for another down week after weaker-than-expected consumer sentiment for May. First Solar (FSLR) announced it will acquire Evolar AB for up to $80 million. FSLR stock rocketed above a resistance level, lifting other solar stocks as well…. None of this means there is no significance to the current divergence between the Dow transports and the Dow industrials.

Investors need to pay close attention to First Solar (FSLR) stock based on the movements in the options market lately. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

FSLR Overview

According to the Solar Energy Industries Association (SEIA), the impact of the IRA on the U.S. solar market is significant. Over the next ten years, the IRA is expected to drive an additional 222 GW of solar installations than if the legislation had not gone through. By 2032, the U.S. is forecast to have 5x more installed solar capacity than at the end of 2022. The fusion of Evolar’s know-how with First Solar’s expertise and existing manufacturing capacity will assist in developing an efficient next-generation PV technology and high-efficiency tandem devices. Solar energy stocks are facing multiple headwinds right now. First Solar (FSLR) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.99 per share.

In some decades, one or other of the Dow averages was positively correlated with the S&P 500’s subsequent return, and in other decades one or both were inversely correlated. The net result was that no correlation over the entire period met traditional standards of statistical significance. Indexes in China fell, while Japan’s Nikkei 225 gained 0.8% to top for the first time since 2021. The two-year Treasury yield bucked the trend, rising to 4.095%, from 4.072%. The Dow ended the trading session below a key threshold on Tuesday. Singapore’s total trade fell to SG$100.3 billion in April, a 18.8% year-on-year drop and extending the 8.6% decrease in March.

Evidence that the global economy is sputtering into a deeper recession would undermine the earnings trajectory. Monitoring points into Q2 include the gross margin and volumes sold as a reflection of management’s strategy execution. The other dynamic at play is the climbing earnings estimates. The forecast https://business-oppurtunities.com/5-things-to-keep-an-eye-on-in-the-seo-world-in-2005/ is for FSLR’s EPS to reach $7.38 this year, reversing a loss in 2022. That figure is then expected to nearly triple to $20.16 by fiscal 2025, with margins expanding not just from the related tax credits but also the improved cost efficiency of the next generation series 7 nameplate rollout.

First Solar, Inc. Announces First Quarter 2023 Financial Results

For example, a price above its moving average is generally considered an upward trend or a buy. First Solar’s (FSLR) Q1 results are likely to reflect a positive impact of solid bookings and the strong sales volume of modules. However, higher costs may have partially dampened the bottom line. Alternative energy stocks are getting attention as the worldwide push toward renewable energy gains momentum. Amid concerns over the environment, innovative businesses, driving innovation are facilita…

“The comes a moment in time when you hit the wall,” McCarthy said. “You can’t continue down this trajectory if you want to continue to be the strongest nation in the world.” Tuesday’s “meeting between President Biden and House Speaker McCarthy went as well as could have reasonably been hoped for,” wrote Citi chief U.S. economist Andrew Hollenhorst, in a note. By this measure, First Solar gains as its customer base across utilities, distributors, and developers move forward with new projects given the higher degree of sourcing flexibility. Simply put, FSLR stands to capture a larger slice of the solar industry pie where the growth outlook for the next decade has just received a new boost. First Solar, which already enjoys a leading position in the manufacturing of thin film photovoltaics, aims to strengthen its manufacturing capability in the PV technology via the Evolar acquisition.

First Solar’s quarterly revenue nearly halved

It is involved in the design, manufacture, and sale of cadmium tellurid (CdTe) solar modules, which convert sunlight into electricity. The company was founded by Michael J. Ahearn in 1999 and is headquartered in Tempe, AZ. The company said to expect between $106.5 million and $107.5 million in revenue and between $39 million and $40 million in adjusted EBITDA for the first fiscal quarter. Both of those estimates were below consensus expectations, with analysts polled by FactSet anticipating revenue at $11.8 million and adjusted EBITDA at $45.4 million.

The correct conclusion is that neither Dow average, by itself, is a good leading indicator of the overall market. For the full fiscal year, the company said to expect between $500 million and $506 million in revenue, a range that contains the Wall Street estimate of $501.8 million. The company expects adjusted EBITDA for the year to come in between $216 million and $222 million, while analysts anticipate $215.7 million. Western Alliance shares have been on a recent upswing, up 17% over the past week – and posting a gain of 15% since this week has begun. The stock is still down nearly 47% for the year, however. On the downside, the macro backdrop is one question mark.

First Solar (FSLR) acquires Europe based, Evolar AB, to enhance its research capabilities in manufacturing thin film photovoltaics. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Compare
FSLR’s historical performance
against its industry peers and the overall market.

U.S. Treasury Is Expected to Issue Guidance on Various Clean Energy Incentives in Months Ahead

A huge drop for a huge, steady producer followed some pretty alarming news in Pioneer’s quarterly report. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. His Hulbert Ratings service tracks investment newsletters that pay a flat fee to be audited.

Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of FSLR’s
competitive advantage. Wall Street is on pace for another week of losses — but certain names managed to outperform. As of Friday afternoon, the S & P 500 and the Dow Jones Industrial…

• Target shares are wavering premarket, after the retailer said sales growth stalled and profit fell in the most recent quarter.
• Even with the current earnings multiple for 2023 at 31x appearing relatively pricey, we see more value looking ahead where that production capacity ramps up driving scale benefits and margins higher.
• Text size

  First Solar’s CEO said the acquisition signals an investment in “the future of solar energy.” Gerard Julien/AFP/Getty Images

  First Solar stock gaine…

• FSLR deserves a higher premium given its unique position as a U.S.-based PV module manufacturer.

A close below that level may signal a potential change toward the downside. Concerns over a potential default has weighed on markets recently. The Dow is down more than 3% this month, including a 1% decline on Tuesday. This follows what was a softer-than-expected last reported Q1 earnings, where even as sales climbed by 49% year-over-year, EPS of $0.40 missed expectations.

First Solar’s (FSLR) first-quarter 2023 earnings improve significantly from the prior-year loss. Moreover, the top line rises by 49.4% from the year-ago quarter. The U.S., for example, is taking steps to increase investments and offering incentives to achieve a cleaner and greener future. The electric vehicle (EV) movement has become a secular tailwind driven by both global decarbonization initiatives, social awareness and government incentives.

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.